Posted on: 17-12-15 14:27:06
Our hippie Prime Minister spends zero time on issues concerning the economy. he spends his time on pot legalization, refugees, native claims, environment, giving out coats to the needy and any other issues that lead to cool photo-ops.
Today Loonie is 71.25 and future is not GOOD
Quote:
Originally posted by looklook
Our hippie Prime Minister spends zero time on issues concerning the economy. he spends his time on pot legalization, refugees, native claims, environment, giving out coats to the needy and any other issues that lead to cool photo-ops.
Today Loonie is 71.25 and future is not GOOD
very true....right now he is too busy for taking photographs with Refugees to show the world that we are doing great jobs for Syrian refugees.
He is a another Pappu for Canada.....
http://www.macleans.ca/news/canada/justin-trudeau-to-syrian-refugees-welcome-home/
While the emotions are understandable - there is nothing the PM can do about he loonie. He has no plans and the Liberal agenda is anyways anti-oil - so they will do nothing to support the canadian oil, maybe even work against it. It was there on their agenda and the country voted for it overwhelmingly. So it is no use complaining about it.
Lets us find our own unique ways to make money with the prospect of lower loonie for the foreseeable future. I have noticed a firming job market in Ontario - some US-CAN companies shifting their production back to Canada. Look at the brighter side of the lower loonie.
Hiren
Shouldn't this affect the IT outsourcing companies too.
Not the tatas much who secure an engineering grad for $3 an hour...
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Quote:
Originally posted by hchheda
Look at the brighter side..
Hiren
and be happy that you can now be able to get the pot at LCBO.
This is something I have been watching closely.
I think falling loonie has both advantages and disadvantages.
Advantages
Easy Exports
Local Shoppers- People will shop locally instead of making a trip down south. This will boost the retail industry here
Tourism- Low loonie will boost tourism and will boost students coming to Canada for education.
Immigration- The savings of new immigrants will translate into more Canadian $
Bringing Foreign money- Good time for people to bring any money from India or elsewhere if there are any plans.
Disadvantages
Expensive Importing- This makes groceries more expensive. But this goes down to how much impact this is actually creating every month. On a 500 $ grocery bill may be 25 to 50 $ which can be navigated by better shopping habbits.
Vacations- Vacations to south will become expensive. But hey this is a good chance to look for vacations beyond USA. The fact is there are lot of currencies which have depreciated more than CAD against US. E.g- Brazilian Riyal, Australian $,Mexican Peso, Euro has equally depreciated though little lesser depreciation. But still CAD/EUR has changed by 10% as opposed to 35% against USD. Money can be saved on vacations by smart planning and keeping an eye on deals.
So it can impact different people in different way and it really depends on what everyone's choice is.
What he said.. +1
